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Republicans withhold support for US debt ceiling increase

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AFP

Washington (AFP) – Republicans leaders in Congress on Tuesday continued to withhold support for efforts by the Democratic majority to increase the US debt ceiling. Treasury Secretary Janet Yellen warned last week that the government will run out of money next month unless lawmakers take action, and banking groups have urged Congress to move to prevent “irreparable harm” to the US economy. But Republican Senate Minority Leader Mitch McConnell said Democrats will have to resolve the issue on their own. “The Democratic leaders have every tool and procedure they need to handle the debt limit on a …

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